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    3141 Fm 528 Rd Friendswood, TX 77546

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    For Lease
    Contact for pricing

    Friendswood, TX Strip Center For Lease

    Lot size:
    123,758 SF

    Property Features for 3141 Fm 528 Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,758 SF

    Spaces For Lease

    at 3141 Fm 528 Rd, Friendswood, TX 77546 Contact us

    We can help!

    Listing Contact
    Kyle Knight
    Kyle Knight

    Listing Agency: Weitzman Houston Listing Agent: Kyle Knight

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Autumn Creek Village, a prime retail strip center located at 3141 FM 528 in Friendswood, Texas (zip code 77546), offers exceptional leasing opportunities. This Galveston County property boasts a total of 123,758 square feet of retail space, with multiple tenancies available. Currently, there are 12,959 square feet of vacant space ready for immediate occupancy. The property is highly versatile, catering to businesses seeking spaces ranging from a minimum of 1,384 square feet to a maximum contiguous space of 10,000 square feet. This allows for flexibility in tenant needs and business sizes. Its strategic location in Friendswood, Texas provides excellent visibility and accessibility to a thriving community. The property's design and layout are ideal for a variety of retail uses, making it an attractive option for businesses looking to establish or expand their presence in a dynamic market. The property is easily accessible from FM 528, ensuring high traffic flow and convenient access for customers. This presents a unique opportunity for businesses to thrive in a well-established and growing retail environment. Interested parties are encouraged to inquire about available spaces and lease terms. The property is categorized as a retail strip center and is situated in Galveston County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thighstop Restaurant Saruzzo's New York ... Restaurant Barber & Beauty Hair Salon Profile Plan Weight Loss Service Crystals Nails Nail Salon

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Friendswood
    County
    Galveston
    State
    Texas
    Longitude
    -95.1953554
    Latitude
    29.5370503

    Nearby Similar for Lease

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      Retail Space End Cap Available

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      Combined Office Suite For Rent

      Combined office suite with flexible layout options available for rent.
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      Friendswood Office Space Available Soon

      Move-in ready office space in Friendswood, available June 2025.
      306 W Parkwood Ave, Friendswood, TX 77546
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      19,445 SF

      Retail Space in Friendswood, TX

      Retail space available for lease in Friendswood, Texas.
      3723 Fm 528 Rd, Friendswood, TX 77546
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      Friendswood Retail and Restaurant Spaces

      Retail, specialty, and restaurant spaces in Friendswood, Texas.
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      Friendswood Office Space Available

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      City Center Retail Space

      Friendswood, TX retail opportunity
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    • $27 SF/Yr
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    • $19 SF/Yr
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      Friendswood Retail Space Available

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      Friendswood Medical Office Space

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      Friendswood Retail Center Investment

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    • $36 SF/Yr
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      Friendswood Office Space Available

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    FAQs

    What type of property is this?
    Neighborhood center - Friendswood, TX Strip Center For Lease
    Where is this neighborhood center located?
    The property is located at 3141 Fm 528 Rd Friendswood, TX.
    What are key features of this property?
    This property features: Prime retail strip center totaling 123,758 square feet in Friendswood, TX (77546).; Located at the intersection of FM 528 and Bay Area Blvd.; 12,959 square feet of immediately available space, with units ranging from 1,384 to 10,000 contiguous square feet.
    (713) 781-7111 Call to check price and availability
    Request Owner's contact information
    3141 Fm 528 Rd Friendswood, TX 77546
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    Friendswood, TX 77546
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3141 Fm 528 Rd Friendswood, TX 77546
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Knight
    Kyle Knight
    (713) 781-7111
    Learn more
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